The budget was a huge disappointment for the hospitality industry as there have been no reliefs or compensations for the industry, this year as well.
All AC restaurants and cafes more than 2000 sq ft to pay service tax- this will only lead to drop in footfalls. Since, 90% of the outlets are air-conditioned, this will only add to the woes of the consumers and is a dampener for the restaurateurs.
In the current competitive market, margins are already wafer thin and most companies do not prefer to pass on cost escalations to consumers in view of losing their market shares. However, if the costs keep increasing at the current rate, the threshold limit will soon be reached and product prices will have to be revised.
There has been no relief on tax benefits, liquor tax, taxes on new projects, which has sidelined the industry once again. There has been a very less change from the last year’s budget and has really fallen short to fulfill the industry’s expectations.
H.A.MISHRA [Ph.D.,FIH]
CMD,
Foodesign Hospitality Systems Pvt Ltd
H.A.Mishra is the Founder of Foodesign Hospitality Systems Pvt. Ltd., a consulting company rendering Cost Management Services headquartered in Mumbai, India. He founded Foodesign Hospitality Systems Pvt. Ltd., in 1981 and is Chairman and Chief Mentor since 1981 till date.
Under his leadership, Foodesign Hospitality Systems Pvt. Ltd., has become one of the leading Consulting Company rendering F&B Cost Management Services in the Hospitality Industry. The company renders Cost Management Services to some of the biggest and the best Chain of Hotels & Restaurants globally.
Cost Management Services are being given to all the Sectors of the Hospitality Industry from 5 Star Hotels, Resorts, Amusement Parks, Chain of Restaurants, Specialty Restaurants, Lounge etc. The Company Manages Cost of F&B Turnover of more than 300 crore annually of more than 88 outlets located in India and Abroad.
In his 41yrs of experience in the Hospitality Industry, Mr. Mishra articulated, designed and implemented the Global Delivery Model which has become the foundation for the huge success in Cost Management services outsourced in India.
FHSPL expertise in increasing the Profits & Cut down the Losses in F&B areas of the Hospitality. Mr.Mishra is a Turnaround Specialist in F&B Cost Management & Audits in the Hospitality industry.
Foodesign Hospitality Systems Pvt. Ltd., is one of the pioneer company rendering Cost Management Services globally. Having accomplished clients globally in Kuwait, Dubai, etc., it continues to be one of the leading company with several accolades and awards Nationally and Internationally to its credits under the leadership of Mr.H.A.Mishra.
He has been awarded with “Indira Gandhi Priyadarshini Award” & “Leadership Award in Hospitality”.
He was also been awarded “Achiever of the Millennium Award” in Thailand in 2012.
Mr.H.A.Mishra completed his Hotel Management from Institute of Hotel Management, Catering Technology & applied Nutrition [IHMCTAN], Mumbai. He also holds Honorary Doctorate in Hospitality Management. He is a Fellow of the Institute of Hospitality [U.K.]
He is also on the Board of Governor of Educational Institutes – MSIMCTAN – Pune. He was also Examiner & Paper Setter of some of the best renowned Educational Institutes of India – SNDT Women’s College.
He has been often invited to speak on Cost Management on many Prestigious forums such as
“Knowledge Drive by the HRAWI on their Golden Jubilee”, “Food & Beverage Cost Management seminar by AAHAR”, etc.,
About Foodesign Hospitality Systems Pvt. Ltd.
Foodesign Hospitality Systems is your one stop shop for Food & Beverage Operational Audits in Hospitality Industry. Headed by industry veteran Mr. H.A Mishra with rich experience of over 40 years, the company has handled nation’s most prestigious and well known brands of hospitality industry. FHS has helped its clientele streamline & lay down effective F&B audit & control systems through carefully devised tailor-made food/ kitchen operations systems.
The organization is well equipped with experience, technology & infrastructure to cater the needs of all sectors, size of properties & business in hospitality industry. The business model has demonstrated consistent positive results for their partners with the use of stronger and proven F&B systems. It has shaped high success ratios for their clients with the help of in-house experts managing F&B operation costs in a guaranteed time span with no additional investment. An unbiased approach towards work and a profound knowledge of the systems make FHS a brand to reckon with.
The envious list of awards and recognitions received by the company speaks volumes for the kind of work they do and why they are respected by the industry magnates. The company has bagged four prestigious awards (National & International) in last two years proving their proficiency in this segment. FHS has a strong foothold in India and in Gulf countries and has embarked on an aggressive growth trajectory. It plans to strengthen its foothold across Pan India covering all segments of the hospitality from hotels, multi-specialty restaurants to in-flight catering kitchens.